The Boomers deserve there retirement & if we did not spend the country would be bust!😊
@benhilder8088 Says:
Of course things are going to change and change in an unexpected way,
As we move from cash to digital fund transfer.
Now they have no idea who earns what and who has got their (fingers) in the pie
@HS-PGA Says:
A rate hold is as good as hike the compounding effect of higher for longer intensifies
@timothyclancy4300 Says:
Massive tax cut probably translates as 50 bucks more to spend on groceries per annum
@williamcrossan9333 Says:
5:50: Yeah demand is off the scale. The Brisbane economy is absolutely rip roaring! You should see the traffic! And it's all Ford Ranger Raptors!
@williamcrossan9333 Says:
Is this due to all Australia's capital being funneled into pushing existing housing prices higher?
@iTomSawyer Says:
Massive tax cut???
@xxxxxxxxx3944 Says:
No. There is no de globalisation going on. What about BRICS ? Just no more cheap stuff from China as China reaches developed status. Why can't we buy cheap stuff from Bangladesh then ? Oh yeah, our debt ! Baby boomers retiring and spending ? Did their superannuation miraculously double during the GFC ? Oh yeah, boomers with all those investment properties. I bet these interest rate rises are helping their bottom line. Pensioners so well off and spending that they need their pensions boosted. Never mind about Australia's ridiculous lack of gas reservation policy, debt and more debt to build cost ineffective renewables. Never mind US interest rate rises that force Australia to keep its rates high or see capital outflows. Never mind nosebleed house prices that even a stupid 0.25 percent rise in interest rates are going to cause panic. Maybe piling all that debt into unproductive housing that does not result in increased productive capacity is going to help us service that debt or to keep a lid on inflation is a great idea ! Debt spending that does not lead to increased productivity is going to lead to higher prices. Duh ! Don't blame Labor for debt spending. If they didn't, Australian plebs will happily fill the void.
@adamsangels9874 Says:
Next week interest rates r heading down
@JimboJones-ld7el Says:
Haha puppets following the US into doom. Slava Russia. Australia is the asshole of a dying ideology. Your own youth hate you
@scottclark1634 Says:
Its been managed into the ground by terrible governmrnts last 20 years the current one is atrocious and should be dismissed.
@user-mm6qq6zb8g Says:
Our GOVERNMENT IS A CORPERATION REGISTERED IN THE U.S they are TREASONOUS CORRUPT CRIMINALS Australia is broke because of these criminals !!!! They through our CONSTITUTION out and put a corperate constitution in with no consent or vote of the people ,whitlam did this to australia sold us out to the u.n
@mickqld3003 Says:
Australia's everything, is not behaving as we're used to.
And it's not just an ALP problem.
@Get_YT_Views.800 Says:
Thumbs up if this video is your go-to remedy for a bad day. It never fails!
@vincentcacciola7161 Says:
Government soending like drunken sailor's what could go wrong
@anitacohen8753 Says:
Oh the dear old ALP. Completely riddled with cronyism. feminism and corrupt groupism! Did you expect something else? It is a UNION party after all. Interest rates are just returning to normal!!!!
@billy77511 Says:
Put rates up in twice succession and kick inflation to the kerb. We need to go through more pain, people need to stop spending.
They should have kept the original tax cuts for the few, the revised is just going to heat up the economy and keep inflation boyant.
Need to slow immigration and halt government spending.
Let’s hope Labor lose next election
@antpoo Says:
Well there is hardly any jobs hauling grain. I’m out of work. So economy doesn’t seem too resilient. You must mean waiting tables and making coffees for boomers right?
@alexwoo3504 Says:
Australia are highjacked by Green and left activist 😂
@moali8434 Says:
West is going down
@paulgraham5790 Says:
They aren’t the worst government in Australia’s history for nothing.
@user-xk2ky3kt4o Says:
ALBO AND CHARMLIERS ONLY POURING MORE PETROL ON THE FIRE OF INFLATION BUDGET.GOING FROM FRYING PAN IN TO THE FIRE.
@lovechineseforever9434 Says:
NOT SINCE CHINESE MONEY LEFT AUSTRALIA, PULLING OUT FROM ONE EXPENSIVE MUFF
@jjsc4396 Says:
Party regardless, you are a clownishly governed country utterly economically cornered in residential property. Only (temporary) finger in the dike - mass immigration to pump demand. Good luck with that 😂
@bencahill3547 Says:
If you are middle or lower class and still have money, it means inflation hasn't done its job yet. Therefore we still have longer to go.
@lesleyosborne9319 Says:
REMEMBER THIS Government STILL WANT to Spend TRILLIONS. We CANT AFFORD Jim and Albos FAILED Economy .I hope People who Voted Green and Labor are happy now the country is half destroyed
@KT-bb1tb Says:
Remember the RBA's Michele Bullock was Albozzo's Pick ?
@LovelyLass-nb8op Says:
All you need to become third world is bad government and we surely have that
@NeverGonaHappen Says:
Naughty Economy! You're not doing what we tell you to do.
Brain dead Government expects the "Economy" to "Just Believe our Lies.
@thethinkingman9338 Says:
Inflation is much higher than the government is reporting ( as we all know) and it’s going much higher, there is no coming back to 3% not unless they raise rates to 20% which will destroy the economy. The RBA is out of tools, the government is full of tools, but unfortunately none of them are of any use to the RBA. If you want to know where inflation is headed just look at the trajectory of the Australian M1 M2 & M3 money supply, the cost of goods going up is the consequence of the purchasing power of the currency going down “ why” because governments “ Inflate “ the money supply with their reckless borrowing & spending “ hence Inflation “
@windsong3wong828 Says:
USA have a huge inflation problem.
USA have millions of homeless and the government is spending hundreds of billions to finance the wars.
USA is also spending trillions as incentives for onshoring projects.
Inflation in USA will stay hot.
Australia cannot follow the Fed as USA is spending like a drunk.
USA already have $35 trillions in public debts.
@downtoearth1950 Says:
We were told our economy was different but here we are part of the world economy and because the RBA was way too slow off the starting blocks, then the dog paddled, helping both the Gov and the Big4 foreign owned banks make massive profits in the Billions. While throwing ordinary Aussies under the Inflation Bus. All their fiddling with the CPI figures has killed us❗
@KT-bb1tb Says:
I was Paying 17.5% Interest back in 1990 Under another Useless, Incompetent 'Labor' Grubberment ! It's History
@kkcw6668 Says:
Can the media perform a breakdown? Yes. Will they? No.
Weak as p!ss, Aust media specialist analysts!
Remove WA from all of the last 5 years and the next 5 years and RE-COMPUTE!
@Dark01978 Says:
Jacinta Allen in Victoria putting or put a tax on rentals so the owner has to pay move tax this will get passed down to the renter.
@jameswatt7249 Says:
I remember when Sky was saying that interest rates were too high.
@chrisdudfield3043 Says:
Everyone is spending to much money, lets raise interest rates???
the people with mortgages are not the ones spending all the money,
its the "Renters" spending all the money.
The Immigrants that receive Welfare payments and need to buy Beds, Couches, TVs and phones...
over half a million immigrants arrived in Australia last year, they ALL needed stuff.
so to slow Their spending, the Government and the reserve bank raise the interest rate for home owners....
this is there system, its the only system they know.
@CodexIndia1 Says:
Inflation can't go down because the country is being flooded by mass migration. It puts inflationary pressure on rents and housing. Unemployment is going up. It props up consumer spending. Raising rates can't work. The only way to stop inflation right now is to stop mass migration and let the economy take the hit. Not doing so just kicks the can down the road.
@aussiejinjo Says:
the rba has chosen the housing market over inflation. just another captured interest at this point.
@josa9902 Says:
So making banks rich and families lose their over priced houses is going to solve the problem ?????
LATEST COMMENTS